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China Gaming Shares Leap After New Titles Approved – CNBC

The latest batch of approvals may suggest that a crackdown on China’s gaming sector continues to ease, CNBC reported.


NetEase
The logo of internet technology company NetEase is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai Photo: Reuters

 

Stocks of Chinese gaming companies including BiliBili and Netease rose on Wednesday after new titles were approved, CNBC reported.

The approvals may suggest that a crackdown on the gaming sector continues to ease, the story said.  The list of games approved on Tuesday did not include Chinese gaming giants Tencent and Netease, the report added. The latest batch of game approvals is the third since April, perhaps indicating that regulators are easing a crackdown that had hammered the industry, it said. Read the full story: CNBC.

 

By Kevin Hamlin

 

 

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Kevin Hamlin

Kevin Hamlin is a financial journalist with more than 40 years of experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.

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